Mara Holdings Slumps Amid Bitcoin Decline, Share Plan Vote Looms

MARA Holdings shares tumbled nearly 8% to $13.54 on June 24, 2026, as Bitcoin and other crypto miners declined in value.

The drop was linked to a slide in Bitcoin's price, which fell 4.9% to $59,328 by midday Wednesday. Riot Platforms gave up 5.5%, while CleanSpark lost 7.1% of its value.

Shareholders had approved an increase to the company's equity incentive plan on June 22, adding 18 million shares to the stock pool for employee and director compensation.

Citizens initiated coverage with a market outperform rating and set a $24 price target for MARA Holdings. However, the new share pool introduced dilution risk if stock compensation increases.